The latest issue of Financial Standard now available as an e-newspaper
Consumer group slams super self-assessmentsBY ELIZABETH MCARTHUR | MONDAY, 30 AUG 2021 12:20PM
Super Consumers Australia has slammed super funds' member outcomes assessments (MOAs), finding several funds claiming to be acting in members' best interests even when fees are high and performance is lacklustre.
Read more: Super Consumers Australia, AvSuper, Maritime Super, APRA, Mercer, MOA, Toyota Super, Suncorp, TWUSUPER, Catholic Super, Commonwealth Bank Group Super, Mine Super, MLC, Local Government Super, AMG, BT, Christian Super, Colonial First State, EISS Super, Equipsuper, Hostplus, LGIAsuper, LUCRF Super, MySuper, Qantas Super, Xavier O'Halloran
|Sponsored by MLC Asset Management|
Find out why 44% of advisers are using managed accounts
Australian Ethical introduced a new high conviction fund to wholesale clients, investing in a range of sectors including local healthcare, renewables and technology stocks within the S&P ASX 300.
The super industry is calling for mandated consistency on portfolio holdings disclosure after it was recommended the Future Fund be exempt from disclosing commercially sensitive information.
Capstone Financial Planning has revoked the authorisation of Mark Babbage, the Victorian financial adviser jailed for breaching Western Australia's strict border restrictions to attend the AFL Grand Final.
Ellerston Capital will terminate the Morphic Global Opportunities Fund later this month as a result of dwindling funds under management.
|Brought to you by|